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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...
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Netanyahu Announces Hostage Release Deal Amid Ongoing Conflict


In a significant development, Israeli Prime Minister Benjamin Netanyahu has announced that a deal has been reached to release Israeli hostages held by Hamas in Gaza. This agreement comes after intense negotiations and is expected to bring relief to many families who have been waiting for the safe return of their loved ones.

The deal, which is set to be implemented in phases, will see the release of 33 Israeli hostages, including women, children, and men over 50, in the first six-week phase. In exchange, Israel will release Palestinian women and children under 19 detained in Israeli jails. The total number of Palestinians released could range between 990 and 1,650, depending on the number of hostages freed.

The ceasefire agreement, which accompanies the hostage release deal, aims to halt the fighting that has devastated Gaza, killed over 46,000 people, and displaced most of the enclave's population. Despite the agreement, Israeli airstrikes continued in Gaza, causing further casualties.

Netanyahu's announcement has been met with mixed reactions. While many see it as a necessary step towards peace, hardliners in Netanyahu's coalition have opposed the deal, viewing it as a capitulation to Hamas. National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich have threatened to resign if the deal is approved.

The Israeli cabinet is expected to give final approval to the deal, with the first hostages set to be released on Sunday. This development marks a crucial moment in the ongoing conflict and could potentially ease hostilities in the region.


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